Day: July 1, 2021

Didi Inventory Value Rises 20% in IPO. What to Know.

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A Didi Chuxing autonomous taxi throughout a pilot take a look at drive on the streets in Shanghai.

Hector Retamal/AFP/Getty Photos

Didi International,

the Uber of China, delivered one of many yr’s largest IPOs, elevating $4.4 billion. 

On Wednesday, shares of Didi (ticker: DIDI) opened at $16.65 and reached a excessive of $18.01. It not too long ago modified palms at $16.83, up 20% from its provide value.

The Chinese language ride-hailing behemoth on Wednesday mentioned it offered 316.8 million American depositary shares at $14, the highest of its $13 to $14 value vary. 4 such

India set to clock document rice exports in present yr too

In comparison with the earlier yr, India’s complete rice exports, together with basmati, to China touched 3,31,989 tonne throughout 2020-21 in contrast with 747 tonne the earlier yr.

After exporting a document 17.71 million tonne of rice in 2020-21, a rise of 86% over the earlier yr’s 9.5 million tonne, India is ready for one more good season of exports in 2021-22 as nicely, regardless of excessive freight prices.
The demand for non-basmati rice elevated to a document excessive of 13 million tonne (valued at $4.796 billion) final yr as extra international locations bought the cereal amidst provide points in

BharatNet challenge to be rolled out in 16 states through PPP

The states to be lined beneath the revised plan are Kerala, Karnataka, Rajasthan, Himachal Pradesh, Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, West Bengal, Assam, Meghalaya, Manipur, Mizoram, Tripura, Nagaland and Arunachal Pradesh.

The Union Cupboard on Wednesday accredited a revised implementation technique for the BharatNet challenge by choosing public-private partnership mode in 16 states to cowl round 3,60,000 villages at a complete value of Rs 29,430 crore. Of this, the federal government will present Rs 19,041 crore as viability hole funding.

Communications minister Ravi Shankar Prasad stated that the revised technique for implementation of the BharatNet challenge, which goals to